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Finance & Accounting
Pages 3 (753 words)
Emirates Airlines Introduction Emirates airline is one of the largest and fastest growing airlines of the world serving over 120 destinations. Emirates airline has become a global brand now for its quality services and products that it offers to its customers…
The Airbus A310-304 was the first aircraft that Emirates received the delivery as per its specifications during the year 1987. By 1990, Emirates had the several routes added to Singapore, Manila, Bangkok, Manchester, Damascus. In 1992, Emirates purchased $20 million Airbus equipped with full flight simulator. Moreover, a new terminal was opened at Dubai International in the same year. By 1995, the Emirates had a fleet that served to 34 locations including Europe, Middle East, and Far East. With rapid expansion taking place during the year 1997, Emirates ordered 16 Airbus A330 worth $2 billion. Came the year 1998 and Airlines opened another terminal at Dubai International with the capital outlay of $540 million. In 2003, the airlines expanded rapidly placing order for 71 aircraft worth $19.1 billion. In the year 2004, the airlines inaugurated its first non-stop flight to New-York. By 2005, the Emirates Airlines had 25,000 people on its payroll becoming Dubai’s biggest employer. In the year 2007, in a bid to expand further, Emirates ordered for Airbus and Boeing aircrafts worth $34.9 billion. By 2009, the company was the largest operator of the Boeing 777 (Gulfnews 2010). Markets The mission of Emirates Airlines is to build and maintain market leadership through innovation. Emirates' Sky Cargo business contributes 20 percent of the company's total revenue. ...
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